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Cencosud Agrees to Sell Its Bretas Operation in Minas Gerais as Part of Its Business Restructuring in Brazil
Cencosud S.A., through its Brazilian subsidiary, executed today an agreement for the transfer and sale of assets operated by the company in the state of Minas Gerais under the Bretas brand. The agreement includes the divestment of the company’s entire operation in the state, comprising 54 supermarket stores, 8 service stations, a distribution center, and other related assets. Bretas currently operates in both Minas Gerais and Goiás. Cencosud will retain ownership and exclusive rights to the Bretas brand and will continue operating its 26 stores in the state of Goiás under this brand.
By Cencosud · Via Business Wire · February 8, 2025
Cencosud to Increase Investments by 16% in 2025, Reaching USD 610 Million
From Sky Costanera, the highest observation deck in South America, Cencosud held its annual presentation to investors and market analysts, unveiling its investment plan for the year. The event was attended by investment banks, representatives from pension funds, and both domestic and international investors.
By Cencosud · Via Business Wire · January 16, 2025
Cencosud Renews Its Board of Directors and Julio Moura is Elected President
With a 93.55% shareholder participation, Cencosud S.A. held its Annual Ordinary Shareholders' Meeting on the 61st floor of the Gran Torre Costanera, in Providencia, Santiago. During the meeting, led by Julio Moura, Chairman of the Board of Directors, and Rodrigo Larraín, CEO, the election of the Board of Directors took place, which as of today will have four new members.
By Cencosud · Via Business Wire · April 26, 2024
Results for the Nine-Month Period Ended September, 2023: Cencosud maintains financial strength and increases profits by 3.4%
Cencosud's results for the nine-month period ended September 30, 2023 underscore the Company´s financial strength in a challenging macro environment, with a 3.4% increase in net income to US$ 547 million. During the same period, revenues rose 8.3% to US$ 13,160 million, while Adjusted EBITDA increased 0.5% to US$ 1,352 million.
By Cencosud · Via Business Wire · November 17, 2023
9th Consecutive Quarter of Double-Digit Sales Growth: Cencosud Reports 12.9% Increase in Revenues During the Second Quarter of the Year
Cencosud reported a solid performance in its financial results during the second quarter of the year. Revenues increased 12.9%, reaching US$4,518 million, the ninth consecutive quarter of double-digit sales growth. This increase is mainly due to the successful consolidation of The Fresh Market in the United States and GIGA Atacado in Brazil, and to the increase in market share of its supermarkets in Chile and Brazil, compared to the same period of 2022.
By Cencosud · Via Business Wire · August 18, 2023
Cencosud Adjusted EBITDA Margin reached 10.5% during the first quarter of 2023
The consolidated financial results delivered by Cencosud for the first quarter of 2023 demonstrated solid performance, despite a challenging economic environment and a high comparison base. The Company closed the period with a total of 161 million tickets, representing an increase of 18.1% compared to the same period of the previous year. The gross leverage was 3.29x, compared to 3.25x as of December 2022.
By Cencosud · Via Business Wire · May 10, 2023
It Closed the Year with Double-Digit Growth in Revenues and Adjusted EBITDA: Cencosud's Adjusted EBITDA Grew 13.1% During 2022, Reaching US$1,817 Million
Cencosud closed 2022 with record revenues and Adjusted EBITDA, according to the financial results reported to the Financial Market Commission (CMF). The company recorded revenues of US$16,358 million, an increase of 25.8% compared to the previous year, and an increase of 13.1% in its Adjusted EBITDA in the same period, which amounted to US$1,817 million. As a result, Cencosud achieved for the ninth consecutive quarter a double-digit EBITDA margin, and for the seventh consecutive quarter double-digit revenue growth.
By Cencosud · Via Business Wire · March 2, 2023
In the Cross Border M&A category: LatinFinance distinguished Cencosud for its purchase of The Fresh Market
Cencosud was recently recognized in the Cross-Border M&A category of the "Deals of the Year" awards, organized by LatinFinance, for the acquisition of the U.S. supermarket chain The Fresh Market. The award was received by the company's CEO, Matías Videla, who traveled to New York, United States, to participate in the awards ceremony.
By Cencosud · Via Business Wire · February 2, 2023
Cencosud Provides 2023 Guidance: estimates US$17.5 billion in Revenue, Adjusted EBITDA of US$1.95 billion, and a US$546 million Investment Plan for the year
Matías Videla, Chief Executive Officer, commented:
By Cencosud · Via Business Wire · January 16, 2023
Increased 32.4% in 3Q22: Acquisitions in the United States and Brazil and good performance of the countries in the region, positively impact Cencosud's revenues.
Cencosud today reported solid financial indicators for 3Q22, during which it reached an Adjusted EBITDA margin of 10.5% and achieved a profit of US$190 million, as a result of a solid operating result and revenue growth of +32.4% over the previous year, which is explained by the outstanding performance of the Supermarkets business and the consolidation of The Fresh Market (TFM) and GIGA Atacado (Giga), the recently acquired Supermarket chains in the United States and Brazil.
By Cencosud · Via Business Wire · November 10, 2022